The Problem

• Failed 120 acre residential subdivision.
• Impasse between developer and bank.
• Foreclosure imminent.
• Situation in need of “business” rather than “legal” solution.

The Solution

• Created/negotiated comprehensive workout plan.
• Obtained consensus of all parties.
• Generated new equity through refinancing of other owned properties.
• Managed completion of stalled road construction.
• Reinitiated successful marketing effort to pay down debt and allow continued development of property.

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